Australia-based corporate education provider Go1 secured $200m yesterday in a series D round co-led by internet and telecommunications group SoftBank’s Vision Fund 2 and enterprise software provider Salesforce’s investment arm, Salesforce Ventures.
The round, which valued the company at more than $1bn, was co-led with venture capital firm AirTree Ventures and included human resources provider Seek and M12, the corporate venturing subsidiary of software producer Microsoft.
Blue Cloud Ventures, Larsen Ventures, Tiger Global Management and Ten13 filled out the round along with existing investors including Madrona Venture Group and Y Combinator. Go1 said it has raised over $280m in funding to date.
Founded in 2015, Go1 provides an AI and machine learning-powered online content platform for on-demand corporate education, training and resources that supports more than 3.5 million learners across some 1,600 organisations.
The company’s hub can integrate with Microsoft’s remote communication platform, Microsoft Team, as well as products by enterprise software providers SAP and Workday.
The funding will be used to enlarge Go1’s product offering, further boost its expansion in the US and grow its presence globally. It plans to use part of the proceeds to scale up its team and build new partnerships.
Go1 secured $40m in a May 2020 series C round co-led by Seek and Madrona Venture Group that also featured Salesforce Ventures, M12 and Our Innovation Fund. It had collected $21.3m in an early 2019 series B round backed by Seek, M12, Y Combinator and Larsen Ventures.
Seek led the company’s $7.2m series A round in 2018, following $3m from Blue Sky Venture Capital, Tank Stream Ventures and Steve Baxter in 2016. Its investor base also includes Zillionize and University of Oxford.